After announcing that it will start selling its bikes through Amazon.com, Peloton Interactive reported big losses for its most recent quarter, along with near-flat growth in fitness subscribers. The fitness equipment maker posted a fourth-quarter net loss of 1.24 billion euros, or $3.68 per share, compared with a loss of $313 million, or $1.05 per […]
Tag: International business news
High profits for PetroChina in the first half
PetroChina posted its best-ever first-half profit as the country’s biggest oil and gas driller benefited from rising global energy prices. The company reported 82.39 billion yuan ($12 billion) in net profit for the first half of the year, up 55 percent from the same period in 2021, while revenue rose 35 percent to 1.61 trillion […]
Norwegian Air: Returned to profit in Q2
Norwegian Air said it returned to profit in the second quarter from losses in the first quarter of the year as travel restrictions eased, but added that high fuel costs will have a negative impact on results for the year. The low-cost airline posted a net profit of 1.25 billion crowns ($129.5 million) for the […]
The US Securities and Exchange Commission is asking Twitter for data on spam accounts
The US Securities and Exchange Commission (SEC) recently pressed Twitter Inc to provide it with more information about how it detects spam accounts, stepping up scrutiny of the platform’s user count data. The SEC’s June 15 request to CEO Parag Agrawal, made public today Wednesday, related to Twitter’s statements in its latest annual report. The […]
Schneider: Looking at possible bid for Aviva
French company Schneider said it was considering a bid for the entire Aveva software company, and said it had until September 21 to make a decision. “No offer has yet been made to Aveva and there can be no certainty that an offer will be made, nor on what terms,” ​​he stressed, adding that he […]
Telenor: Strengthens operations in Nordic and Asian regions
Telenor ASA emphasized that it is strengthening the management of its units in the Nordic and Asian regions, merging its units into two groups and creating new units for infrastructure and adjacent services. The Norwegian telecommunications company has emphasized that all four of its business units in Norway, Sweden, Denmark and Finland will be united […]
EasyJet: Three board members resign from their duties.
Three members of the board of EasyJet are stepping down, the British airline has announced, at a time when it is struggling due to strikes and staff shortages at airports. The company emphasized that Julie Southern and Andreas Bierwirth will not seek re-election to the board. of the company at the next regular general meeting, […]
Ex-Twitter exec says company hid cyberattacks and lied about fake accounts
Twitter’s former security chief has accused the company of hiding vulnerabilities in its security system and lying about its handling of fake user accounts, amid the giant’s legal battle with billionaire entrepreneur Elon Musk. In an 84-page document addressed last month to the New York Securities and Exchange Commission (SEC), the US Department of Justice […]
Macy’s: Downgraded guidance despite better-than-estimated results
Pressure on US retailers continues, with department store chain Macy’s downgrading guidance for the full year as it expects consumer spending to ease on non-core items such as clothing. Macy’s warning comes even as its second-quarter numbers beat market estimates. Against this backdrop, the chain now sees its 2022 revenue in a range of $24.34 […]
Dicks Sporting: Better than expected quarterly results
Dicks Sporting Goods reported better-than-expected second-quarter results and adjusted its full-year estimates to reflect the figures. The company reported net profit of $318.4 million, or $3.25 per share, for the quarter to July 30, down from $495.5 million, or $4.53 per share, a year ago. Adjusted earnings per share came in at $3.68 versus estimates […]